Arab National Bank
Arab National Bank (ANB), headquartered in Saudi Arabia, is a prominent player in the banking and financial services industry. Established in 1979, ANB has grown to become a key financial institution, serving both individual and corporate clients across the Kingdom and the wider Middle East region. The bank offers a diverse range of products and services, including retail banking, corporate finance, investment services, and treasury operations. ANB is recognised for its innovative digital banking solutions, which enhance customer experience and accessibility. With a strong market position, the bank has achieved notable milestones, including awards for excellence in customer service and digital transformation. ANB's commitment to financial inclusion and sustainable development further solidifies its reputation as a trusted banking partner in the region.
DitchCarbon Score
How does Arab National Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Arab National Bank's score of 24 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Arab National Bank's reported carbon emissions
In 2022, Arab National Bank reported total carbon emissions of approximately 1,420,000 kg CO2e, comprising 42,000 kg CO2e from Scope 1, 679,000 kg CO2e from Scope 2, and 721,000 kg CO2e from Scope 3 emissions. This marked a slight increase in emissions compared to 2021, where total emissions were about 1,380,000 kg CO2e, with Scope 1 at 39,000 kg CO2e, Scope 2 at 771,000 kg CO2e, and Scope 3 at 810,000 kg CO2e. In 2020, the bank's emissions were approximately 1,000,000 kg CO2e, with Scope 1 emissions at 25,000 kg CO2e, Scope 2 at 657,000 kg CO2e, and Scope 3 at 682,000 kg CO2e. Despite these figures, Arab National Bank has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any climate pledges. The absence of defined reduction strategies highlights a potential area for improvement in their climate commitments. Overall, while the bank has made strides in tracking its emissions across all scopes, the lack of formal reduction targets suggests a need for enhanced climate action to align with global sustainability goals.
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Add to project| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 25,000 | 00,000 | 00,000 |
| Scope 2 | 657,000 | 000,000 | 000,000 |
| Scope 3 | 682,000 | 000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Arab National Bank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
